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MMU

Western Asset Managed Municipals Fund
MMU

54 hedge funds and large institutions have $62.3M invested in Western Asset Managed Municipals Fund in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

15% more funds holding

Funds holding: 47 → 54 (+7)

10% more capital invested

Capital invested by funds: $56.8M → $62.3M (+$5.48M)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.59% more ownership

Funds ownership: 10.25% → 10.85% (+0.59%)

Holders
54
Holders Change
+7
Holders Change %
+14.89%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
16
Reduced
15
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.67M
2
Invesco
Invesco
Georgia
+$1.21M
3
Bank of America
Bank of America
North Carolina
+$592K
4
US Bancorp
US Bancorp
Minnesota
+$529K
5
Wells Fargo
Wells Fargo
California
+$513K

Top Sellers

Rank Fund Capital Flow
1
MIM
Macroview Investment Management
Maryland
-$1.03M
2
Morgan Stanley
Morgan Stanley
New York
-$951K
3
First Trust Advisors
First Trust Advisors
Illinois
-$271K
4
DA
Doliver Advisors
Texas
-$145K
5
VanEck Associates
VanEck Associates
New York
-$52.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
26
Cohen & Steers
New York
$289K +$18.6K +1,337 +7%
VKH
27
Virtu KCG Holdings
New York
$250K +$251K +18,059 New
WA
28
WFG Advisors
Texas
$236K – – –
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$233K +$195 +14 +0.1%
William Blair & Company
30
William Blair & Company
Illinois
$214K +$1.84K +132 +0.9%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$208K +$10.4K +749 +5%
OC
32
Oppenheimer & Co
New York
$179K -$52.2K -3,750 -23%
RJT
33
Raymond James Trust
Florida
$179K – – –
EFS
34
Essex Financial Services
Connecticut
$173K +$173K +12,444 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$159K +$14 +1 +0%
CAL
36
Capital Advisors Ltd
Ohio
$149K +$150K +10,753 New
Citigroup
37
Citigroup
New York
$148K -$28 -2 -0%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$148K – – –
SAM
39
SignalPoint Asset Management
Missouri
$143K -$1.11K -80 -0.8%
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$139K – – –
EFSCE
41
Enterprise Financial Services Corp (EFSC)
Missouri
$136K – – –
BBHC
42
Brown Brothers Harriman & Co
New York
$111K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$92K -$20.9K -1,500 -18%
Creative Planning
44
Creative Planning
Kansas
$80K +$80.1K +5,754 New
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$57K +$20.9K +1,500 +57%
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$46K +$36.4K +2,612 +373%
PSI
47
Pinnacle Summer Investments
Virginia
$36K – – –
AIG
48
American International Group
New York
$22K +$16.9K +1,214 +347%
DADC
49
D.A. Davidson & Co
Montana
$16K – – –
WCM
50
Windsor Capital Management
Arizona
$13K +$13.7K +986 New
1
2
3

MMU Hedge Fund Activity: Q3 2015 in Review

54 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2015, worth a combined $62.3M — up 9.6% from $56.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MMU positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $1.67M. The largest seller was Macroview Investment Management, cutting an estimated $1.03M.

  • 54 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2015, up from 47 in Q2 2015.
  • Funds reported $62.3M of Western Asset Managed Municipals Fund stock for Q3 2015, up 9.6% quarter-over-quarter.
  • 9 funds opened new Western Asset Managed Municipals Fund positions in Q3 2015 and 2 closed out, a net change of +7 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2015 was Raymond James Financial Services Advisors, an estimated $1.67M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2015 was Macroview Investment Management, an estimated $1.03M sold.

Based on aggregated 13F filings for Q3 2015.